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Maple Gold Mines Ltd.
Summary
| Project: | Douay | |
|---|---|---|
| Deposit: | Nika | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-4-2018: Maple Gold Mines Ltd. announces an Exploration/Drilling Update report for its Nika deposit at the Douay project. Drilling results incl. 104.0m @ 0.44g/t Au from 284m. April 23, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Fried Speidel (Internal) | |
| ABSTRACT: | April 23, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased to provide an update on the ongoing winter drilling campaign. The program has ramped up with eight (8) diamond core drill rigs now actively testing all target areas (Resource Area, NE Syenite and NW Syenite targets). One of the company’s high-priority targets is the area between the Porphyry, Douay West and NW zones, now referred to as the “Nika Zone”, which has a lower drill-hole density and strong potential for new discoveries and extensions of existing resource zones. The Company has received results from 4 drill-holes in this area, with highlights below: Furthermore, historic hole DO-12-105 (2012) was collared 265m WSW of DO-18-218 and bottomed in mineralization at 467.6m (estimated vertical depth of 320m), returning 21.1 g/t Au and remaining open. The DO-18-217, DO-18-218 and DO-12-105 intercepts may form part of the same two mineralized zones (see Figure 1 below). Maple Gold’s VP, Exploration, Fred Speidel, stated: “One of our objectives with the current drilling campaign is to take steps toward connecting the existing resource zones and extending known mineralization beyond the current limits of the block model that was used in the 2018 Micon estimate. The initial results in this “Gap” area are indicative of the discovery of a new gold zone there, and one we believe has strong potential to make a positive impact on future resource estimations at Douay. We look forward to results from the additional 5 drill-holes with assays still pending from this priority target area, and we are confident that similar new zones will be defined elsewhere within the resource area.” | |
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